Senate Finance Committee Chair Ron Wyden (D-Ore.) called on Justice Clarence Thomas to say whether he declared the forgiven loan on his tax filings.
By Robert Barnes and Ann E. Marimow, The Washington PostAll or most of a $267,000 loan obtained by Supreme Court Justice Clarence Thomas to buy a high-end motorcoach appears to have been forgiven, raising tax and ethics questions, according to a new report by Senate Democrats.
The New York Times reported on the loan arrangement in August. Welters told the news organization at the time the loan had been “settled” in 2008, but would provide no details on what that meant. Federal ethics law requires top officials from all branches of government, including Supreme Court justices, to file annual disclosures listing investments, gifts, outside income as well as their liabilities, so that the public can assess potential conflicts of interest.
Welters, a wealthy longtime friend of Thomas and his wife Virginia who made his money in the health care industry, voluntarily provided documents to the Senate committee, according to the report. The committee staff said it reviewed a handwritten note dated Nov. 22, 2008, from Welters to Thomas that said Thomas has been paying Welters interest on the loan.
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